SECTION 5. DRAFTING INFORMATION

.03 Section 147(c)(2) was amended by section 15341, Title XV, Subtitle C, Part III, of the Food Conservation and Energy Act of 2008, Pub. L. No. 110–246, 122 Stat. 1651 (2008), to provide for an increase in the loan limits on agricultural bonds for first-time farmers. For calendar year 2008, the limit is $450,000. For calendar years after 2008, the $450,000 amount will be adjusted for inflation. (See section 3.16 of this revenue procedure.)

.04 Section 877A was added to the Code by section 301(a) of Title III of the Heroes Earnings Assistance and Relief Tax Act of 2008, Pub. L. No. 110–245, 122 Stat. 1624 (2008), to provide spe